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New President and COO to focus on expanding Savana’s leadership position in the financial services market.

Malvern, PA —April 28, 2017 – Savana, Inc., a provider of advanced automation software solutions for the mortgage and banking industries, announced today that Senior Vice President of Service Delivery and Client Management, David Smith has been promoted to President and COO. Mr. Smith brings over 35 years of successful financial software and servicing operational experience to this new position and his appointment further sets the stage for Savana’s continued growth.

“David’s leadership in all facets of the company has allowed Savana to secure some of the largest financial services firms as clients and move Savana’s core business towards higher value automated solutions in the mortgage origination, mortgage servicing, and banking arenas. I couldn’t think of a person more suitable to step in and bring his professional and conscientious approach to running this company”, said Michael Sanchez, Savana founder and CEO. “David’s new role will allow me to devote more of my time to customer growth and developing numerous strategic partnerships that have arisen from our successes over the past several quarters”.

“I am excited about the opportunity to lead this fantastic team, that I have been proud to be a part of for the past five plus years”, said Mr. Smith. “I will continue to focus on ensuring a client first approach to all our customers, bringing new financial services automation solutions to the banking and mortgage market, and growing our talented team to support the incredible opportunity we face”.

Mr. Smith’s appointment to head the operations for Savana and Mr. Sanchez’ focus on highly strategic initiatives is part of the company’s long term plan to help banks and mortgage companies overcome the digital demands they face by continuing to leverage Savana’s technology platform in powerful ways. As part of its growth initiatives, Savana will be releasing the industry’s most advanced next generation mortgage origination solution to the market later this year. The company is also expanding its customer base for its banking suite of products which include complaint/dispute management, case management, contact management and account servicing.

About Savana

Savana, Inc., headquartered in Malvern, Pennsylvania, is a software company focused on delivering advanced automation solutions to the mortgage, retail banking and payments industries. Since its founding in 2009, Savana has delivered mission critical applications to some of the largest financial institutions and FinTech resellers in the United States.

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